Community Development - Maryland New Markets Development Program - Establishment
What this bill does
Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (8)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Dressler, Ryan | Advantage Capital | Oral + Written (PDF) |
| FAV | Wilson Randall, Claudia | Community Development Network of Maryland | Written (PDF) |
| FAV | Ellis, Dan | Neighborhood Housing Services of Baltimore, Inc. | Written (PDF) |
| FAV | Coale, Tomlobbyist | PWRJ | Oral |
| FAV | Redding, Nicholaslobbyist | Preservation Maryland | Written (PDF) |
| FAV | Kaplowitz, Richard KAP | Year | Written (PDF) |
| FAV | Cheatham , Marvin "DOC" | Individual | Written (PDF) |
| FAV | Senator McCray, Senator McCraylegislator | Individual | Oral |